NIFE News and Press, Direxion Fallen Knives From 09/03/22

Summary Apartment rents are a classic "sticky price;" the rent is fixed in dollar terms for a year. So, landlords decide how much rent to charge, and people decide how much they're willing to pay, balance rents now vs. higher rents in the future. Inflation should not be a surp...

Summary Global 'Risk Off' gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. JPMorgan CDS rose seven this week to a six-week high 88 bps. Citi CDS jumped nine to a one-month high 103 bps, and Goldman...

Summary The Reserve Bank of Australia makes its announcement early Tuesday, September 6. One of the challenges for policymakers and investors is that Australia reports inflation quarterly. The labor and property markets are showing signs of weakening, but the consumer appears to b...

Summary The JPMorgan Global Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell from 51.1 in July to 50.3 in August, its lowest since June 2020. Output only rose in ten of the 30 economies for which data are available, and in five of those - including mainla...

Summary The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI) posted 51.5 in August, down from 52.2 in July to the lowest since July 2020. More positively, supply chain delays moderated in August, and price pressures fell to the lowest for one an...

Summary Initial jobless claims had a strong showing this week as the previous reading was revised lower by 6K to 237K. From that revised level, claims fell another 5K down to 232K marking the lowest reading since the last week of June. That was also handily below expectations ...

Summary Why did markets sell off in the wake of Powell’s speech? U.S. adds 315,000 jobs in strong August showing. Where are home prices declining the most? On the latest edition of Market Week in Review, Investment Strategy Analyst BeiChen Lin and Research Ana...

Summary Stocks have staged an unexpected and impressive rally the last few weeks. With a 17% advance from mid-June through mid-August, the S&P 500 has recouped more than half of its peak-to-trough decline. While inflation may have peaked, it will take time for it to fall back ...

Summary U.S. nonfarm payrolls added 315,000 jobs in August, substantially less than the 526,000 gain in July. Private payrolls posted a 308,000 gain in August, less than the 477,000 gain in July (revised up by 6,000 from 471,000 while June was revised down by 58,000 to 346,000). ...

Summary Jerome Powell attempted to set the tone in his Jackson Hole speech, the Fed was serious about fighting inflation and they would persistently work toward a 2.00 percent inflation rate. There will be more increases in interest rates and the Fed will step up its efforts to re...